Europe Chocolate Market (2019-2025) | Size, Share, Growth, Analysis, Forecast, Trends, Value, Outlook & Revenue

Latest 2023 Developments of the Europe Chocolate Market

The Europe Chocolate Market is witnessing innovation as manufacturers are trying new ingredients to add new essence to the product. Manufacturers are cutting down the usage of chemical additives like Cargill and have gone a step ahead and removed lecithin from its cocoa and chocolate offerings. Lindt & Sprüngli debuted a new Lindt Chocolate Boutique at Zurich Airport in May 2019, a new counter where Lindt Master Chocolatiers produce daily fresh chocolate masterpieces.

Mergers And Acquisition:

• On 29 July 2019, The Ferrero Group finalized the previously announced purchase of Kellogg Company's cookie, fruit and fruit-flavoured snack, ice cream cone, and pie crust operations.
• On 30 April 2021, Nestlé and KKR reached an agreement in which Nestlé will buy The Bountiful Company's key brands.
• On 26 May 2021, Chipita S.A. agreed to be acquired by Mondelez International, Inc.
• On 5 Jan 2021, Hu was acquired by Mondelez International.
• On 28 June 2021, Lily's, a high-growth developer of low-sugar confectionery items, was acquired by Hershey Company.

Europe Chocolate Market Synopsis

Europe Chocolate Market is projected to find its true potential growth throughout the forecast period underpinned by the increased availability of a wide range of products that has led to an attraction of a large consumer base in the market. Additionally, the Dark chocolate segment is estimated to acquire a major sales revenue in the market owing to the rising health-conscious population along with the growing awareness about the benefits of dark chocolates such as enhanced brain function and reduce risk of heart disease is estimated to proven efficient in bolstering the major growth of the Europe chocolate market in the coming timeframe.

Increasing disposable income coupled with impulse purchasing among consumers at supermarkets and convenience stores is driving the growth of the chocolate market in Europe. Moreover, the rising demand for natural and pure organic chocolates would propel the demand for chocolates in the region. Furthermore, the growing trend of gifting premium chocolates with custom packing for occasions such as Easter and Christmas would also be one of the major factors responsible for the growth of the chocolate market over the coming years.

According to 6Wresearch, the Europe Chocolate market size is projected to grow at a CAGR of 1.9% during 2019–2025. Overall Europe, Russia captured the majority of the market revenues in 2018 and are expected to lead the market over the coming years owing to increasing demand for chocolates in supermarkets and hypermarkets. Moreover, the growing popularity of vegan and organic chocolates would positively influence Russia’s chocolate market growth.

Increasing investment by companies in innovative product solutions such as flavored chocolates with different ingredients and creative packaging to attract more customers are the key factors that would catalyze the growth of the chocolate market in Europe over the coming years. Dark chocolate is projected to capture the majority of the market revenues over the next few years owing to growing consumer awareness regarding the health benefits of dark chocolate such as managing blood pressure and the presence of high content of antioxidants which is beneficial for the skin.

The Europe chocolate market report comprehensively covers the market by product type, distribution channels, chocolate type, and key countries including Russia, Germany, the United Kingdom, France, and the Rest of Europe. The Europe chocolate market outlook report provides an unbiased and detailed analysis of the European chocolate market trends, Europe chocolate market share, opportunities, high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Europe Chocolate market is anticipated to grow throughout the forecast period 2020-26F on the back of the increasing preferences of consumers across the region and enhancement in the tastes and preferences. Europe Chocolate Market is the second-largest market across the globe as chocolate is preferred as a sweet snack available with a wide range of varieties across the region. Furthermore, it is estimated that the impulsive purchase of products in supermarkets would instigate an increase in the sales of chocolate in Europe coupled with seasonal demand, especially at festivals such as Easter and Christmas. As the European chocolate market is highly competitive with the involvement of various players in the competition, it would lead to the sound generation of revenue and growth of the European chocolate market in the coming years.

Key Highlights of the Reports

• Europe Chocolate Market Overview
• Europe Chocolate Market Outlook
• Europe Chocolate Market Forecast
• Historical Data of Europe Chocolate Market Revenues for the Period 2015-2018
• Europe Chocolate Market Size & Europe Chocolate Market Forecast of Revenues, Until 2025
• Historical Data of Europe Chocolate Market Revenues, By Product Type, for the Period 2015-2018
• Market Size & Forecast of Europe Chocolate Market Revenues, By Product Type, Until 2025
• Historical Data of Europe Chocolate Market Revenues, By Distribution Channels, for the Period 2015-2018
• Market Size & Forecast of Europe Chocolate Market Revenues, By Distribution Channels, Until 2025
• Historical Data of Europe Chocolate Market Revenues, By Chocolate Type, for the Period 2015-2018
• Market Size & Forecast of Europe Chocolate Market Revenues, By Chocolate Type, Until 2025
• Historical Data of Russia Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Russia Chocolate Market Revenues, Until 2025
• Historical Data of Germany Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the Germany Chocolate Market Revenues, Until 2025
• Historical Data of United Kingdom Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the United Kingdom Chocolate Market Revenues, Until 2025
• Historical Data of France Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the France Chocolate Market Revenues, Until 2025
• Market Drivers and Restraints
• Europe Chocolate Market Price Trends
• Europe Chocolate Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Europe Chocolate Market Share, By Countries
• Europe Chocolate Market Share, By Players
• Europe Chocolate Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Europe chocolate market report provides a detailed analysis of the following market segments:

By Product Type

• Milk Chocolate
• White Chocolate
• Dark Chocolate

By Distribution Channels

• Supermarkets/ Hypermarkets
• Grocery/ Mom n Pop Stores
• Convenience Stores
• Online Channel
• Others (Specialized Retailers, pharmacy, etc.) 

By Chocolate Type

• Count lines & Straight lines
• Molded or Bar Chocolates
• Choco panned & Sugar panned
• Others (Box chocolates, novelties)

By Countries

• Russia
• United Kingdom
• France
• Germany
• Rest of Europe

Europe Chocolate Market (2019-2025): FAQs